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Business News Summary Headlines

Company releases, economic news, and business coverage.

Snow geese deaths from mine pit number in the thousands

BUTTE, Mont. - Several thousand snow geese died after a snowstorm forced tens of thousands of the migratory birds to take refuge in the acidic, metal-laden waters of an old open pit mine in Montana last week.

But the toll could have been much worse, said Mark Thompson, environmental affairs manager for mine company Montana Resources. Along with the Atlantic Richfield Co., Montana Resources is responsible for Berkeley Pit, a Superfund site in Butte.

Tuesday, December 06, 2016 | 09:30 PM

Australian economy contracts 0.5 per cent in September

CANBERRA, Australia - Australia's economy contracted in the September quarter for the first time since early 2011, the government said Wednesday, as the economy adjusts to weaker Chinese demand for its biggest exports, iron ore and coal.

The economy contracted by 0.5 per cent over the three months. Annual growth was 1.8 per cent, the Australian Bureau of Statistics said.

Tuesday, December 06, 2016 | 09:16 PM

Trump DC hotel attracting foreign envoys and controversy

NEW YORK - Donald Trump's new luxury hotel in Washington, D.C., has been attracting foreign envoys, special interest groups and a bit of controversy.

One of the latest groups to book the hotel is the Heritage Foundation, a conservative think-tank whose big donors gathered there Tuesday night for a speech by Vice-President-elect Mike Pence. Pence spoke on Trump administration priorities.

Tuesday, December 06, 2016 | 08:58 PM

House turns aside effort to impeach IRS commissioner

WASHINGTON - The House turned aside an eleventh-hour drive Tuesday by hard-right conservatives to impeach the IRS commissioner, with most Republicans concluding the effort could hurt Congress' hopes of getting a fast start on President-elect Donald Trump's agenda next year.

By 342-72, lawmakers referred the impeachment resolution to the House Judiciary Committee, in effect burying it because Congress plans to adjourn soon for the year. Judiciary panel chairman Bob Goodlatte, R-Va., has declined to endorse the impeachment effort, underscoring a belief by many Republicans that the actions by the IRS chief, John Koskinen, don't merit removal.

Tuesday, December 06, 2016 | 08:35 PM

High court sides with Samsung in patent dispute with Apple

WASHINGTON - The Supreme Court unanimously sided with smartphone maker Samsung on Tuesday in its high-profile patent dispute with Apple over design of the iPhone.

The justices said Samsung may not be required to pay all the profits it earned from 11 phone models because the features it copied from the iPhone were only a part of Samsung's devices.

Tuesday, December 06, 2016 | 07:53 PM

Apple pays $450,000 for alleged hazardous waste violations

SAN FRANCISCO - Apple is paying $450,000 to settle allegations that the iPhone maker operated and closed two hazardous-waste processing plants without submitting the proper paperwork to California environmental regulators.

The agreement announced Tuesday involves a now-closed plant near Apple's Cupertino, California, headquarters and another one in nearby Sunnyvale.

Tuesday, December 06, 2016 | 07:40 PM

Pipeline opponents ride out storm in shelters, casino

MANDAN, N.D. - Some protesters who have been fighting the Dakota Access pipeline retreated to a nearby casino and area shelters overnight as a blizzard blew through, but many remained at a camp in southern North Dakota, according to protest organizers who say they're committed to maintaining the camp through the winter.

The storm Monday and Tuesday brought more than half a foot of snow, wind gusts exceeding 50 mph and temperatures that felt as cold as 15 degrees below zero. For some not accustomed to often-harsh North Dakota winters, the weather was eye-opening.

Tuesday, December 06, 2016 | 06:18 PM

Transcontinental says media operations good for society but no longer core

MONTREAL - Transcontinental says its media operations, which have been squeezed by lower advertising revenues, are no longer core to the future of the commercial printer and packaging firm.

"We think that the assets that we own in publishing play an important role in society," CEO Francois Olivier told analysts Tuesday during a conference call about its fourth-quarter and 2016 financial results.

Tuesday, December 06, 2016 | 05:52 PM

Illinois man who faked Canada link gets 5 years in prison

NEW YORK - An Illinois man who forged the signature of the Canadian deputy health commissioner and defrauded investors was sentenced in New York to five years in prison Tuesday.

Howard Leventhal was sentenced in Brooklyn federal court by Judge Brian M. Cogan. Prosecutors said Leventhal claimed he had agreements to market a device named after Dr. Leonard McCoy, a fictional character on TV's Star Trek series.

Tuesday, December 06, 2016 | 05:48 PM

Northern Ontario diamond mine not reporting mercury levels: environmental group

TORONTO - An environmental group is accusing a diamond mining company of failing to report mercury levels at a mine in northern Ontario, a claim the company has swiftly rejected.

Wildlands League alleges De Beers Canada has failed to report properly on mercury and methylmercury levels in five out of nine surface water monitoring stations at its diamond mine near Attawapiskat First Nation.

Tuesday, December 06, 2016 | 05:24 PM